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IndiaMart: 1st B2B Indian marketplace that goes public

Indian B2B online marketplace Indiamart has launched its bids to investors with an initial public offering to raise up to Rs INR 476cr. The company is also offering 10K shares to its employees. There will be an employee discount of INR 97 on the offer price. Indiamart works as a two-way discovery marketplace by connecting suppliers and buyers, and it is going to be the 1st Indian B2B marketplace to go public.